Monday's Hot Stocks Include UiPath and Ulta Beauty
After hovering in the $12 - $14 range throughout 2024-25, UiPath (PATH) could break out. Volume surged on May 30 after the software firm posted first-quarter results.
UiPath posted revenue growing by 6.5% Y/Y to $356.6 million. Non-GAAP earnings per share were $0.11. Although this is not a hypergrowth firm, the Agentic Automation platform is gaining momentum. CEO Daniel Dines said that this launch was a turning point for the firm. It offers automation and orchestration capabilities.
The firm warned that the adoption of Agentic Solutions is in the early phases. It will not add materially to revenue in fiscal 2026.
In the luxury market, Ulta Beauty (ULTA) broke out of the $400 - $425 range to close at $471.46 on May 30, 2025. The firm posted a 4.4% Y/Y rise in revenue, to $2.85 billion. Net income was $6.70 in EPS, or $305.1 million. Comparable sales for this year will be up to 1.5%, higher than its 1.0% prior outlook.
Ulta is cautious about ongoing consumer pressures. Global trade uncertainties could limit its growth for this year.
Royal Bank (RY) shares slipped after it posted fiscal second-quarter results. The Canadian bank wants its staff to work four days a week starting in September.
The bank declared a C$1.54 quarterly dividend, a 4.1% increase from the prior payout. The Bank of Nova Scotia also hiked its dividend by 4.0%, to C$1.10. Scotia also intends to buy back 1.6% of its shares.
